LONG-TERM DEBT AND CREDIT AGREEMENTS (Tables)

12 Months Ended

Dec. 31, 2012

Long-term Debt

Long-term debt consists of notes payable under the following agreements:

	December 31,
	2012			2011
	(Dollars in thousands)
Limited and non-recourse agreements:
Loans:
Non-recourse:
Loan agreement with DEG (the Olkaria III power plant)	$	—		$	77,368
Loan agreement with TCW (the Amatitlan power plant)		34,268			36,764
Limited recourse:
Loan agreement with OPIC (the Olkaria III power plant)		220,000			—
Senior Secured Notes:
Non-recourse:
Ormat Funding Corp. (“OFC”)		114,136			125,022
OrCal Geothermal Inc. (“OrCal”)		76,548			85,860
Limited recourse:
OFC 2 LLC (“OFC 2”)		150,473			151,739
		595,426			476,753
Less current portion		(39,684	)		(35,011	)
Non-current portion	$	555,741		$	441,742
Full recourse agreements:
Senior unsecured bonds	$	250,904		$	250,042
Loans from institutional investors:		43,624			54,166
Loan agreement with DEG (the Olkaria III power plant)		47,369			—
Loan from a commercial bank		20,000			30,000
Revolving credit lines with banks		73,606			214,049
		435,503			548,257
Less current portion		(28,649	)		(20,543	)
Non-current portion	$	406,854		$	527,714

Future Minimum Payments Under Long-term Obligations, Excluding Revolving Credit Lines with Commercial Banks

Future minimum payments under long-term obligations, excluding revolving credit lines with commercial banks, as of December 31, 2012 are as follows:

	(Dollars in thousands)
Year ending December 31:
2013	$	68,333
2014		77,266
2015		70,850
2016		86,188
2017		308,938
Thereafter		345,748
Total	$	957,323